Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the current sections of teal inc's balance sheets

The current sections of Teal Inc's balance sheets at December 31, 2024 and 2025, are...

80.2K

Verified Solution

Question

Accounting

The current sections of Teal Inc's balance sheets at December 31, 2024 and 2025, are presented here. Teal's net income for 2025 was $237,150. Depreciation expense was $41,850.

2025

2024

Current assets

Cash

Accounts receivable

Inventory

Prepaid expenses

Total current assets

Current liabilities

Accrued expenses payable

Accounts payable

Total current liabilities

.$162.750

124.000

260.400

41.850

$589.000

$ 153.450

137.950

266.600

34.100

$592.100

$ 23.250

131,750

$155.000

$ 7.750

142,600

$ 150.350

Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2025, using the

image
image
The current sections of Teal Inc's balance sheets at December 31,2024 and 2025, are presented here. Teal's net income for 2025 was $237,150. Depreciation expense was $41,850. Prepare the operating activities section of the compamys statement of cash flows for the year ended December 31, 2025, using the os.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

at what learning level does thinking result in new associations based on the relationship of two...

Psychology
Q

discuss three kinds of ethical issues face by businesses and give solution for these issues

General Management
Q

Which two cultural variables are most likely to affect the validity of the "expectancy" theory of...

General Management
Q

The location where most digestion and absorption occurs is the stomach large intestine small intestine...

Biology
Q

1 Points Find all zeros of the polynomial Enter your answers as a comma separated...

Calculus
Q

er 3 Mastery Quiz Determine whether the following statement makes sense or does not make...

Algebra
Q

22. Business Entity Problem: This problem is designed for those using...

Accounting
Q

The Turnpike is a financial consultancy firm with five employees. The following payroll...

Accounting
Q

Chapter 8 talks not only about the Cash but also about internal controls. Internal controls...

Accounting
Q

need help urgent

Accounting
Q

EXCELL COMPANY Balance Sheet At June 30, 2024 Assets Current assets: Total current assets Investments...

Accounting
Q

Based on your risk assessment, your required rate of return is 9 percent for a...

Finance